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Central States Big Wig Calls for 30% Benefit Cut

June 13, 2014: Al Nelson, the Benefits Services Director of the Central States Pension Fund, told Minneapolis Teamsters that he favors a 30 percent across-the-board benefit cut for every current retiree and every active Teamster in the fund. Nelson announced this position at a Local 120 meeting on June 6, where he was giving a report on the Central States Pension Fund. He elaborated that if the 30 percent cut is not made, the situation...

Sign the Petition to Protect Our Pensions

June 13, 2014: The Director of the Pension Benefit Guaranty Corporation (PBGC) has called for reforms that would help secure union members pensions. Josh Gotbaum, the Director of the PBGC, is calling for a major increase in insurance premiums paid by pension funds to provide more security to pension funds that cover Teamsters and other union members.   Teamsters for a Democratic Union (TDU) supports this proposal and urges its adoption.   You can help...
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